Summary: Section 270A of the Income Tax Act, introduced by the Finance Act, 2016 effective from Assessment Year 2017–18, deals with penalties for under-reporting and misreportin ...

Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there ... penalty proceedings U/s 271AAB(1A)(b) of the IT Act, 1961, is being initiated ...

Senate Enrolled Act 451 would further decrease Indiana's income tax rate starting in 2030. Thresholds for it to happen haven't been met in 20 years.

A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days ...

Added checking of digital elements in the Income Tax Act, Law should give legal backing,” said FM Sitharaman on the new Income Tax Bill. Under the new framework of the Finance Bill 2025 ...

Tough decisions will have to be made. That much local government officials in St. Joseph County know as they’ve just started ...

izusek / Getty Images As of 2025, eight states don’t levy income taxes: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming. Washington does not tax income but ...

Where federal tax brackets and rates will land next year depends whether Congress extends the 2017 tax cuts for individuals that expire at year-end. That law kept the former seven brackets ...

As the year winds down, you may be wondering just how much tax you’ll be paying once you file your 2024 income tax return. Especially if you changed jobs or earned self-employment income ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

“The DA submitted their proposals on the budget which included increases in personal income tax, the fuel levy and excise duties.” He accused the DA of hypocrisy and not putting South Africans ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...